Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against SunX−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.047% cheaper against SunX than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COPPER-USDT	6.8160	0	get 0.0000% / 4h	1h 56m	—	$6.8M	20x
Short	Pacifica COPPER	6.8128	0.0100	get 0.0013% / 1h	56m 42s	$23K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee PacificabpOrdersPrice spread, now −0.047%Rate

Funding earned: $21
Price spread: −0.047% → 0.000%: −$4.73
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $0.27
Costs to cover: 0.160%
Break-even: 6.9 days

Slippage unknown: SunX: live order book, 12 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 12 min ago	48.48 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COPPER on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COPPER-USD	0.0000%	1h	6.8130	−0.044%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8155	−0.007%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8159	−0.001%	$9.1M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8140	−0.029%	$475K	$936K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.205%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8150	−0.015%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8160	0.000%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8203	+0.063%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8180	+0.030%	$88K	$2.0M	25x	as long as short
SunX COPPER-USDTlong	0.0000%	4h	6.8160	long leg	—	$6.8M	20x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8180	+0.029%	$61K	$25K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7990	−0.249%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8129	−0.046%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0017%	4h	6.8196	+0.053%	$95K	$319K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8245	+0.125%	$477K	$39K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8165	+0.007%	$45K	$22K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8118	−0.062%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8142	−0.027%	$1K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8115	−0.066%	$10.4M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8131	−0.043%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8107	−0.078%	$57K	$55K	15x	as long as short
Pacifica COPPERshort	+0.0100%	1h	6.8128	−0.047%	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8120	−0.059%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8210	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8152	−0.012%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8187	+0.039%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0392%	1h	6.8124	−0.052%	$224K	$2.8M	20x	as long as short